Practicing Success
If the present value for a sequence of payments made at the end of each 6 months and continuing forever is ₹6000. If the money is worth 4% compounded semi-annually, then, the value of sequence of payment made is: |
₹60 ₹120 ₹240 ₹480 |
₹120 |
The correct answer is Option (2) → ₹120 |